Previous close | 481.60 |
Open | 481.60 |
Bid | 373.40 |
Ask | 388.40 |
Strike | 890.00 |
Expiry date | 2023-06-16 |
Day's range | 481.60 - 481.60 |
Contract range | N/A |
Volume | |
Open interest | 17 |
MercadoLibre (MELI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
With June's arrival, we're racing toward the halfway mark of 2023 -- and valuations for growth stocks have also generally been racing higher. The growth-heavy Nasdaq Composite index has now climbed 25% year to date, but there are still top tech companies trading at levels that leave room for investors to see explosive gains over the long term. Following its initial public offering in March 2021, Roblox (NYSE: RBLX) stock went on to hit a lifetime high of nearly $135 per share in November of that year as pandemic-related conditions helped the company record stellar engagement and bookings growth.
Celsius, MercadoLibre and First Citizens have been highlighted in this Screen of The Week article.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
MNST, MELI and AVAV made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 30, 2023.
The recent bear market caused some investors to flee growth stocks and seek safety in value or dividend stocks. Diversification is smart, but there's still great companies within the growth stock space to invest in. For investors with money to put to work in the market, there are many growth stocks to choose from.
Warren Buffett studied business under Benjamin Graham at Columbia University. Graham is widely recognized as the father of value investing -- a strategy that focuses on finding stocks that trade below their intrinsic value -- and his teachings had a profound impact on Buffett. Buffett offered the following advice in his 1989 letter to Berkshire Hathaway shareholders: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
The good news is that if you've got the money and the time, it's not all that hard to find great investment options. If the company hits the high end of that range and its share price grows to reflect that internal growth, an initial investment of $10,000 would increase in value to over $163,000 in two decades. The company's infrastructure assets include natural gas pipelines, electricity transmission lines, smart meters, rail operations, toll roads, telecom towers, data centers, and semiconductor manufacturing foundries.
MercadoLibre (MELI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
MercadoLibre (MELI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Despite their early increases in share price year to date, MercadoLibre (NASDAQ: MELI), Ulta Beauty (NASDAQ: ULTA), Pool Corp. (NASDAQ: POOL), and Coupang (NYSE: CPNG) are four of my favorite stocks to add to currently. Offering rejuvenated momentum and reasonable valuations considering their impressive track records of growth, these businesses are set to dominate their niche markets for decades. After reporting its third consecutive all-time high for quarterly net income in the first quarter of 2023, Latin American e-commerce and fintech behemoth MercadoLibre has continued its ascent.
Here is how GameStop (GME) and MercadoLibre (MELI) have performed compared to their sector so far this year.
MercadoLibre (MELI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI) are two titans in the world of e-commerce. Meanwhile, MercadoLibre is at the top of the online-retail space in countries including Brazil and Argentina, and it also has a fast-growing payment processing business. While Amazon's online retail segment still accounts for the large majority of its overall revenue, it's actually its cloud business that is its most important profit generator.
MercadoLibre (MELI) possesses solid growth attributes, which could help it handily outperform the market.
The average brokerage recommendation (ABR) for MercadoLibre (MELI) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
CrowdStrike (NASDAQ: CRWD) is one of the cybersecurity industry's top performers. CrowdStrike's protection is best in class and is powered by artificial intelligence (AI) systems that analyze trillions of signals weekly to determine what is and isn't a threat. While endpoint protection is its primary offering, CrowdStrike offers more than 20 products ranging from cloud security to identity protection.
Retiring a millionaire is a goal for many investors, because it is a threshold many feel is necessary to retire comfortably. When assessing a company's growth potential, it's essential to consider the future operating environment and if the company could be disrupted. CrowdStrike (NASDAQ: CRWD) operates in the cybersecurity industry, which is slated to grow significantly over the coming years due to bad actors ramping up attacks.
Contrary to popular belief, not all tech stocks experienced a massive growth slowdown over the past 18 months. Growth tech stocks like MercadoLibre (NASDAQ: MELI) and Zscaler (NASDAQ: ZS) could drive investor returns as rapid revenue increases and industry leadership bolsters their investment cases. Let's take a closer look at these two supercharged tech stocks and see why each is a buy right now.
In 2020, the pandemic's onset proved a huge boon for e-commerce platforms as people turned to online shopping for their everyday needs. Optimistic investors even anticipated that online sales would perpetually surpass pre-pandemic levels, sustaining rapid expansion. As global economies reopened and people gradually returned to physical shopping, e-commerce companies like Amazon, Etsy, and Shopify have experienced various degrees of slowdown.
At the top of my list of top e-commerce stocks are Shopify (NYSE: SHOP) and MercadoLibre (NASDAQ: MELI). Shopify's product suite includes all the basics to launch an e-commerce store, including inventory tools, credit card processing, and online store templates for just $39.99 per month. After reporting Q1 results and various business moves, investors sent the stock 25% higher.
In this podcast, Motley Fool Chief Investment Officer Andy Cross and senior analyst Ron Gross discuss: The Fed's latest rate hike, April's jobs report, and the latest banking drama. Apple's surprising quarterly results and $90 billion share buyback plan.
Three companies already thriving in this space right now are Shopify (NYSE: SHOP), MercadoLibre (NASDAQ: MELI), and Amazon (NASDAQ: AMZN). Shopify provides a platform for businesses of all sizes to sell their goods and services online, and its share price has surged 70% over the past year as the company has delivered impressive results. Shopify's revenue and earnings outpaced Wall Street's consensus estimate in the most recent quarter, with sales rising 25% to $1.5 billion -- ahead of analysts' consensus estimates of $1.43 billion -- and earnings of $0.01 per share easily outpacing Wall Street's estimate of a loss of $0.04.
Warren Buffett recommends a buy-and-hold investment strategy, and these growth stocks are worth buying right now.
DTC vs. MELI: Which Stock Is the Better Value Option?